Multiple Choice
Spettel Corporation's comparative balance sheet appears below: 
The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?
A) The change in Accounts Receivable is a use; The change in Inventory is a use
B) The change in Accounts Receivable is a use; The change in Inventory is a source
C) The change in Accounts Receivable is a source; The change in Inventory is a source
D) The change in Accounts Receivable is a source; The change in Inventory is a use
Correct Answer:
Verified
Correct Answer:
Verified
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